Small business owners may immensely enjoy the work they do. Often, Texas entrepreneurs gravitate towards endeavors that complement their interests and hobbies. While all that is fine, small business owners need to be serious and business-minded when running their...
Business Law And Litigation
Understanding how the arbitration process works
Texas is a pillar of commerce in the United States. Although most transactions go smoothly, some disputes may still arise. Rather than dealing with lengthy court proceedings, many entrepreneurs and businesses opt for arbitration. The basics of arbitration Arbitration...
Business partnership disputes in Texas can be complex
Partnerships are one of the most common business structures in the U.S. Unfortunately, like any close relationship, business partnerships can sometimes be fraught with tensions. It's common for partnership disputes to arise in Texas and elsewhere in the country. When...
Texas appellate court reverses botched business disputes ruling
Intellectual property can be a tricky thing to argue in courts, which is why so many cases wind up in appellate courts. In March 2018, a jury trial in San Antonio ended with a $740 million judgment against a title insurer accused of stealing a tech firm’s proprietary...
How are internal company business disputes settled?
All businesses can have internal problems when partners disagree on the right direction for the company. Businesses are interested in growth, but how to get there is often debatable. This can be especially true with businesses when there are multiple business partners...
What should employers should know about noncompete agreements?
Many employers in Texas and beyond might ask their potential employees to sign a noncompete agreement. A noncompete agreement might request that employees don't take jobs with competitors in the future, and have other similar requirements. The agreement usually...
Predatory lenders are not worth the risk
Owning a small business could lead to financial independence if the enterprise proves successful. Unfortunately, many small businesses in Texas may find themselves suffering from decreased revenues. As a result, these small businesses could become targets of predatory...
What are the elements of a breach of contract?
Contracts can be implied or documented Many businesses in Texas operate on contracts. These can be both implied or documented, but most implied contracts are very general in nature. Contracts that are designed with specific wording spell out the responsibilities of...
Two tips for determining the value of a business
What percentage should I give an investor who wants to fund my company? How is my business going to be divided in a divorce? How much will my bank lend me for my business? How much should I sell my business for? Whether you are looking for the answer to one of the...
How do you mitigate the risk of insolvency?
In the course of doing business, many businesses do business with another company that will suddenly announce it is filing for bankruptcy. This can happen if, for example, your business delivers raw materials to a customer ahead of payment. If that business then...